ANALISIS RISIKO DAN PENGEMBALIAN INVESTASI BERDASARKAN MODEL PRAKTIS MODAL MODAL PERUSAHAAN PADA SUB SEKTOR FARMASI DI BURSA EFEK INDONESIA
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Date
2017-07-20
Journal Title
Journal ISSN
Volume Title
Publisher
Seminar Nasional Akuntansi dan Bisnis (SNAB), Fakultas Ekonomi Universitas Widyatama
Abstract
Investment is indeed essential for the economic development of a country. Every country
are in need and aspire to gain investment in every sub sector of industry given. In
analyzing and measuring the kind of investment that are good and risky, there are many
ways that can be done to measure it. This study aimed to measure and analyze
Pharmaceutical sub sector of the Indonesian Stock Exchange using Capital Asset Pricing
Model. The sample used is active companies in stock transaction, such as: DVLA, INAF,
PYFA, KAEF, SCPI, KLBF, SIDO, MERK, SQBI, and TSPC listed in Pharmaceutical sub
sectors. Based on the results of the study, it can conclude that after analyzing the
Pharmaceutical sub sector of the Indonesian Stock Exchange using Capital Asset Pricing
Model, and the results shows that the Beta are below 1 and shows defensive type of stocks
and has overvalued return compared to their expected return for all companies based on
the period observed from December 2013 to July 2016.
Description
Keywords
Capital Asset Pricing Model, Return of Investment, Risk of Investment, Pharmaceutical Sub Sector